Gold is down this morning as negative forecasts for global economic expansion weigh on Precious Metals markets as well. Though Gold has realized three straight sessions of losses, the metal rallied to 11 month highs in the third quarter peaking at $1,795 an ounce. Long term investors are still seeking the security presented by the yellow metal as uncertainty remains pervasive in equities markets. “The long-running rally is intact, however, and we expect that Gold prices will revive after a period of consolidation,” said analysts at HSBC bank.

At 9 am (EDT), the APMEX Precious Metals spot prices were:

Gold, $1760.00, Down $2.50.

Silver, $33.92, Down $0.08.

Platinum, $1670.40, Down $21.90.

Palladium, $651.50, Up $7.70.

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